Tag: World Bank

• Monday, January 17th 2011 - 05:51 UTC

  World Bank Projects Chile To Lead Latin American Growth In 2011

  

  The World Bank’s 2011 Global Economic Prospects (GEP) report predicts that Chile will be the fastest-growing economy in Latin America and the Caribbean, while the latter’s growth slows down.

• Friday, November 12th 2010 - 13:44 UTC

  Peruvian economy steaming ahead at 8%; top of the list in the region for business

  

  Finance Minister Ismael Benavides said Peru's economy should grow between 8% and 8.5% this year, with inflation ending the year from 2.2% to 2.5%. The Peruvian Central Bank latest forecast was annual growth of 7.5% to 8%.

• Monday, November 8th 2010 - 15:48 UTC

  World Bank chief calls for a return to the gold standard

  

  World Bank President Robert Zoellick has called on bickering G-20 nations to bring gold back into the global monetary system as an anchor to guide currency movements.

• Wednesday, October 20th 2010 - 00:57 UTC

  World Bank warns the US about consequences of dollar liquidity

  

  Surging capital inflows threaten Asia's economic stability, the World Bank warned after Treasury Secretary Timothy Geithner sought to draw the venom from a global row over currencies by vowing not to devalue the dollar.

• Monday, October 4th 2010 - 22:38 UTC

  World Bank sees “currency devaluations” tensions and “bubble” risks

  

  World Bank President Robert Zoellick said he sees tensions arising from currency devaluations as nations seek to boost their economies, though he doesn’t expect them to turn into “wars.”

• Tuesday, September 28th 2010 - 01:51 UTC

  IMF mandatory surveillance of 25 countries, 90% of the world financial system

  

  The Executive Board of the International Monetary Fund (IMF) has approved making financial stability assessments under the Financial Sector Assessment Program (FSAP) a regular and mandatory part of the Fund’s surveillance for members with systemically important financial sectors.

• Wednesday, September 15th 2010 - 00:27 UTC

  Ending the commodities ‘curse’

  

  By Augusto de la Torre (*) - In 1672, Potosí, Bolivia, was one of the largest and richest cities in the world. Located at the base of Cerro Rico, Potosi was a hotbed of Spanish silver mining, the operations of which were so prolific; a Potosi became synonymous for great riches.

• Friday, September 10th 2010 - 04:29 UTC

  World Bank calls on governments to protect local land rights from large-scale acquisitions

  

  As rising food and fuel prices create incentives for large-scale land acquisitions around the world, it is more important than ever for governments and the international community to protect local land rights, according to a new World Bank study released this week.

• Sunday, July 4th 2010 - 03:44 UTC

  World Bank committed 17.9 billion USD is support of Latam in 2010

  

  The World Bank Group (WBG) committed 17.9 billion US dollars in fiscal year 2010 –a slightly higher figure over last year’s record lending of 17.1 billion- to support countries in Latin America and the Caribbean (LAC) as they recover from the global financial crisis and resume a path of sustained growth, according to the latest report from the multilateral organization.

• Friday, June 18th 2010 - 19:28 UTC

  World Bank calls for stronger Yuan to reduce inflation and spur domestic demand

  

  World Bank has reiterated its view that the Chinese government should allow the Yuan to strengthen against other international currencies. The bank also forecasted the Chinese economy would grow 9.5% in 2010 and 8.5% in 2011.